IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI China
ECNS Etf  USD 34.90  0.21  0.61%   
The current 90-days correlation between iShares MSCI China and iShares MSCI China is -0.17 (i.e., Good diversification). The correlation of IShares MSCI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI China and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI China and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with IShares Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with IShares Etf

  0.75KWEB KraneShares CSI ChinaPairCorr
  0.87FXI iShares China LargePairCorr
  0.89EWT iShares MSCI TaiwanPairCorr
  0.91ASHR Xtrackers Harvest CSI Aggressive PushPairCorr
  0.91GXC SPDR SP ChinaPairCorr
  0.76CQQQ Invesco China TechnologyPairCorr
  0.92CXSE WisdomTree ChinaPairCorr
  0.92EWH iShares MSCI HongPairCorr
  0.88KBA KraneShares Bosera MSCIPairCorr
  0.91CNYA iShares MSCI China Low VolatilityPairCorr
  0.88GBTC Grayscale Bitcoin TrustPairCorr
  0.96USD ProShares Ultra Semi Downward RallyPairCorr
  0.95DFEN Direxion Daily AerospacePairCorr
  0.89DUSL Direxion Daily IndusPairCorr
  0.72DIG ProShares Ultra OilPairCorr
  0.9FNGO MicroSectors FANG IndexPairCorr
  0.76KGRN KraneShares MSCI ChinaPairCorr
  0.87BAC Bank of America Aggressive PushPairCorr
  0.92JPM JPMorgan ChasePairCorr
  0.89CSCO Cisco Systems Sell-off TrendPairCorr
  0.88DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.87CVX Chevron CorpPairCorr
  0.87GE GE AerospacePairCorr
  0.9MSFT Microsoft Earnings Call This WeekPairCorr
  0.86PFE Pfizer IncPairCorr
  0.83DIS Walt DisneyPairCorr
  0.79MMM 3M CompanyPairCorr

Moving against IShares Etf

  0.44FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.7MCD McDonaldsPairCorr
  0.59PG Procter Gamble Earnings Call This WeekPairCorr
  0.5KO Coca ColaPairCorr
  0.41VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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